Bloomberg News

Embraer Rallies on Up to $8.3 Billion Jet Order: Sao Paulo Mover

May 21, 2013

Embraer SA (EMBR3) rose the most among the world’s largest airplane manufacturers after an agreement to sell as many as 200 planes for as much as $8.3 billion to SkyWest Inc. (SKYW:US)

Shares advanced 2.6 percent to 19.39 reais at 10:58 a.m. in Sao Paulo. A close at that price would be the highest since February 2008. Embraer was the best performer on the Ibovespa (IBOV) stock benchmark, which dropped 0.2 percent.

Today’s advance extends Embraer’s gain this year to 35 percent while the Ibovespa has declined 8.9 percent during the same period.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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Companies Mentioned

  • SKYW
    (SkyWest Inc)
    • $12.06 USD
    • 0.17
    • 1.41%
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